Mixed-Use Property with Full
For Sale
$399,000
213 E BROAD, Souderton, PA 18964
Mixed-use zoning, salon and spa improvements, and off-street parking support flexible commercial occupancy.
Property Size1,966 SF
Price / SF$202.95
Days on Market51
Property Features for 213 E BROAD
General Information
Standard status
Active
Size
1,966 SF
Property subtype
Commercial
Zoning
mixed use
Amenities
kitchen
upgraded windows
upgraded electric
two separate heating units
two hot water heaters
full basement
off-street parking
signage
Building Details
Year Built
1900
Listing Agency:
Long & Foster Real Estate, Inc.
(215) 654-5900
Listed By:
Debora Weidman-Phillips · License #AB049331L
(215) 740-4227
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 8:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Located at 213 E Broad Street in Souderton, this mixed-use property is currently configured for salon and spa operations. The interior includes a kitchen, upgraded windows, upgraded electric service, two separate heating units, and two hot water heaters. Salon and spa equipment may also be included in the sale.
A full basement provides additional storage for supplies, equipment, or inventory. The property also includes off-street parking and signage, while the roof was replaced in 2020. Separate mechanical systems may support conversion to a duplex, subject to municipal approvals. Mixed-use zoning accommodates a range of permitted commercial or other uses.
A full basement provides additional storage for supplies, equipment, or inventory. The property also includes off-street parking and signage, while the roof was replaced in 2020. Separate mechanical systems may support conversion to a duplex, subject to municipal approvals. Mixed-use zoning accommodates a range of permitted commercial or other uses.
Key Highlights
- Mixed‑use zoning at 213 E Broad Street in Souderton, PA
- Currently configured for salon and spa operations
- Full basement provides additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,731
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,620
$474.6K
Cap Rate 7%
$339,014
$339.0K
Cap Rate 9%
$263,678
$263.7K
Market Conditions
NOI Build-Up for 1,966 SF
Gross rent
$35.4K $18.00/SF
− Vacancy
−$1.5K −$0.76/SF
EGI
$33.9K $17.24/SF
− OpEx
−$10.2K −$5.17/SF
NOI
$23.7K $12.07/SF
Area
Montgomery County, PA
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,620
Cap Rate 7%
$339,014
Cap Rate 9%
$263,678
Alternative Uses
Best Use
Retail
$339.0K
$296.6K – $395.5K
NOI $23,731 @ 7.0% cap · market cap 5.95%
Second Best
Mixed Use
$290.7K
$254.4K – $339.1K
NOI $20,348 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$1.13M
$989.5K – $1.32M
NOI $79,160 @ 7.0% cap · market cap 19.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
Sunoco
Shops & Services
8,937 visits/mo
0.4 miles
Lukoil
Shops & Services
8,338 visits/mo
0.4 miles
Dollar General
Shops & Services
4,484 visits/mo
0.4 miles
AutoZone
Shops & Services
4,481 visits/mo
0.5 miles
Citizens Bank
Shops & Services
2,596 visits/mo
0.5 miles
Demographics for 18964, PA
14,366
Population
5,686
Households
2.5
Avg Household Size
43
Median Age
40%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
1,512
Density / Sq Mi
$94,291
Median Household Income
$53,660
Median Earnings
$1,358
Median Rent
$339,700
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use zoning, salon and spa improvements, and off-street parking support flexible commercial occupancy.
Where is this mixed-use property located?
The property is located at 213 E BROAD Souderton, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Mixed‑use zoning at 213 E Broad Street in Souderton, PA; Currently configured for salon and spa operations; Full basement provides additional storage space
